United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 73.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,083,918 shares of the transportation company’s stock after purchasing an additional 459,854 shares during the quarter. Victory Capital Management Inc.’s holdings in United Parcel Service were worth $136,682,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Sage Partners LLC grew its position in shares of United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. grew its position in shares of United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares during the period. Quent Capital LLC grew its position in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Tradewinds LLC. grew its position in shares of United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora grew its position in shares of United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after purchasing an additional 83 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 2.0 %

NYSE:UPS opened at $119.10 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The business’s 50-day simple moving average is $121.94 and its 200 day simple moving average is $127.88. The stock has a market cap of $101.73 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company earned $2.47 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.51%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s payout ratio is currently 97.04%.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Loop Capital lowered their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Citigroup reduced their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Raymond James reduced their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Finally, Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $160.00 to $130.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.